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Oct 26, 2012
10/12
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here to help us in the closing bell exchange, stephanie link and steve leesman and peter sh ii shiff will join us as well. >> 2 3rs% is not enough to sustain, putting the unemployed back to work and taking idle factories and putting them back to work. the consumer seems to be hanging in there. the negatives seem to be a big part of it was defense spending, 0.7 of the 2% was defense spending, although that was a pay back for 3/4 of declines we've had. this needs to turn around to have a good recovery and have this economy firing on all cylinders, that's not been the case and business seems to be holding back. >> stephanie, you're blaming the uncertainty over the election, right? you say that's holding back decision-making and holding back hiring plans putting money to work? >> from the investor point of view the market does not like uncertainty. with this election being so close, i think there is definitely money on the sidelines and at least once we get an answer there, we can start to put the pieces to the puzzle on the fiscal cliff together and get a little more confidence. from th
here to help us in the closing bell exchange, stephanie link and steve leesman and peter sh ii shiff will join us as well. >> 2 3rs% is not enough to sustain, putting the unemployed back to work and taking idle factories and putting them back to work. the consumer seems to be hanging in there. the negatives seem to be a big part of it was defense spending, 0.7 of the 2% was defense spending, although that was a pay back for 3/4 of declines we've had. this needs to turn around to have a...
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Jun 8, 2012
06/12
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those are lacking and i think bill and steve nailed it. if anybody actually truly believes that giving spain more money is going to solve their problem, i don't think they have been awake. >> mark, what do you think? if the spanish banks need money, do you agree with rick and more bailouts are negative? >> well, i don't think it's necessarily a positive. ultimately it doesn't solve the underlying issues and certainly in the u.s. and china, although i think we remain the cleanest shirt in the hamper. that said, this is a pattern we've seen recently of riot response relief and this week was the relieve phase. unfortunately, i think we're still subject to riot as we have upcoming dates, the 27th, 28th, and 29th where we have a greek election in which there's going to be a lot of intrepidation with regard to what the outcomes are going to be. so far we're seeing more disappointment and action. >> do we have any alternative at this point other than kicking the can? consider the alternative if they don't? >> unfortunately, that's all we're going
those are lacking and i think bill and steve nailed it. if anybody actually truly believes that giving spain more money is going to solve their problem, i don't think they have been awake. >> mark, what do you think? if the spanish banks need money, do you agree with rick and more bailouts are negative? >> well, i don't think it's necessarily a positive. ultimately it doesn't solve the underlying issues and certainly in the u.s. and china, although i think we remain the cleanest...
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Nov 14, 2012
11/12
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all right, steve. thanks very much for doing the leg work on that. steve liesman. even before today's hard line from the president at his press conference today, reports today that the president wants $1.6 trillion in tax revenue over ten years. that is twice the amount the president and republicans nearly agreed to last year during the whole debt ceiling debate. like any business deal this is all about the art of negotiating. let's put politics aside, find out what two experienced negotiators think and how they size up the fiscal cliff negotiations. joining me now is a partner at step two and johnson. he gives president obama the upper hand. but robert friedman who negotiates mna deals says republicans stand to be the winners. thank you so much for joining us. robert, is it smart negotiating by president obama to now double the amount he wants to raise in tax revenue? is this a scare tactic? >> i think it's brilliant negotiation, really, maria. i think as far as the art of negotiation, which is the topic you introduce, i think there are two keys. one is, do you ha
all right, steve. thanks very much for doing the leg work on that. steve liesman. even before today's hard line from the president at his press conference today, reports today that the president wants $1.6 trillion in tax revenue over ten years. that is twice the amount the president and republicans nearly agreed to last year during the whole debt ceiling debate. like any business deal this is all about the art of negotiating. let's put politics aside, find out what two experienced negotiators...
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Apr 18, 2012
04/12
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i don't expect that to continue on any one of those fronts. >> steve, what's your pick on the sector? >> the coffee space, with coffee trades coming down, i'd be looking at a company like starbucks or pete's coffee. >> nick, what's your best idea in this group? >> i continue to like chipolte. >> all right. gentlemen, thank you both. we'll have young brands cominging out with their earnings after the close tonight. thank you, guys. >> just about 45 minutes before the close and the nasdaq is lower by a little more than 3. >> morgan stanley has outperformed the market. we'll break down the charts coming up in talking numbers. >> plus, should you buy shares of best buy on the reports that there may be a private equity takeover. we will have that next. >> we'd like to know whether you go to the best buy store to look at stuff and then buy those items elsewhere online. that's our question of the day. tweet us @cnbcclosingbell. >> did you not like that question? >> did i say that? >> as we head to a break, here is how the dow is trading. great shot. how did the nba become the hottest league
i don't expect that to continue on any one of those fronts. >> steve, what's your pick on the sector? >> the coffee space, with coffee trades coming down, i'd be looking at a company like starbucks or pete's coffee. >> nick, what's your best idea in this group? >> i continue to like chipolte. >> all right. gentlemen, thank you both. we'll have young brands cominging out with their earnings after the close tonight. thank you, guys. >> just about 45 minutes...
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Aug 20, 2012
08/12
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something that steve jobs wouldn't have done. again, you are just cutting up the pie. it's still the same pie. >> one of the reasons why this market has gotten so little respect is because it was led by te telecon utilities and tobacco. is that a reason this rotation is broadening out? >> it got taken off the table. i am in all of these defensive names and if the global economy will not come to an end, let's look further on the risk spectrum. i know you have been talking about this. so many people are underweighted the market or short. >> that is breaking news here. peter sells majority of his remaining facebook shares. this according to a filing that was made with the sec. peter selling the majority of his stake there in facebook shares. this was planned prior to the ipo date. this was a preplanned sale of sells. early investors exiting groupon. >> thanks so much. it looks like he is retaining a little bit more than 5 million shares. it is interesting to point out that this was a preplanned sale. . that was before facebook's ipo. peter has been invesed. i have been ma
something that steve jobs wouldn't have done. again, you are just cutting up the pie. it's still the same pie. >> one of the reasons why this market has gotten so little respect is because it was led by te telecon utilities and tobacco. is that a reason this rotation is broadening out? >> it got taken off the table. i am in all of these defensive names and if the global economy will not come to an end, let's look further on the risk spectrum. i know you have been talking about this....
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Jul 24, 2012
07/12
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joining us now is steve. works with 1/3 of the world's billionaires. good to see you again. >> thanks for having me back. longer term. what does that mean? it seems like the prices are going to last for, you know, a year, two years, three years. >> maybe the way to pick up is to think in terms of investments, bonds and stocks that makes sense in what will probably be a slow economic growth for some period of time. and we do think some of the company companies rather than think about just europe, we think that it's important to focus in on companies with characteristics that will help them succeed. these are companies that help other businesses find ways to be more efficient when it's hard to drive unit growth and price increases. they can extract and help company companies create better. and also some of the technology right rights. >> reaffirmed guidance. >> s&p is very much in that space. absolutely. >> we are continuing to see people of wealth still having the resources. we like the top end consumer goods company. at the same time those companies ma
joining us now is steve. works with 1/3 of the world's billionaires. good to see you again. >> thanks for having me back. longer term. what does that mean? it seems like the prices are going to last for, you know, a year, two years, three years. >> maybe the way to pick up is to think in terms of investments, bonds and stocks that makes sense in what will probably be a slow economic growth for some period of time. and we do think some of the company companies rather than think about...
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Apr 4, 2012
04/12
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i don't think the fed is going to hike rates any time soon, this year or next. >> steve, what do you think? are we making too much of the federal reserve and operation twist going away? >> well, operation twist will probably go away. i still think qe 3 is much more likely than larry here does. the fed has an interest in keeping things low and the operation twist may steepen the yield curve. if there's threat to significantly higher long-term rates and particularly mortgage rates, the fed will be right back in. we heard that from bernanke last week despite the fomc minutes. bernanke left the door opened and talked about employment and housing. they may be recovering but they are at still very depressed levels and the fed is not going to risk a significantly higher long-term interest rate. >> how do you want to be invested in this environment. let's say the economy weakness that suggests we see pretty good job numbers. we will see a return to risk assets and they are trying to protect the 12%. i think that's responsible for the pullback on the qe story from yesterday. the spain bond au
i don't think the fed is going to hike rates any time soon, this year or next. >> steve, what do you think? are we making too much of the federal reserve and operation twist going away? >> well, operation twist will probably go away. i still think qe 3 is much more likely than larry here does. the fed has an interest in keeping things low and the operation twist may steepen the yield curve. if there's threat to significantly higher long-term rates and particularly mortgage rates,...
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Jul 16, 2012
07/12
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that's a negative and i want to take steve on a little bit with the deleveraging. we are not deleveraging enough and interest rates are slowing down the process. >> how so, professor? that seems counter intuitive. >> we have to deal with -- >> susan, just -- yeah. go with susan for a moment. >> yeah. we're borrowing. the mortgages, mortgage debt is not decreasing. it's increasing. and you know, necessarily so. we don't want to decrease debt at this moment. but we're building up more leverage going forward. we're postponing that necessary deleverage so -- >> susan, a moment ago of interest rates start to rise, and you just touched on this. what do you think is the main reason for this rise? risk or a stronger economic recovery? >> well, of course, that's the key question and we all have to put our money on the second that it's a stronger recovery and that will take us out of the problem because if it's a rate rise in and of itself then we have real risk. >> can i show you a little bit of good news? the percentage of all mortgages adjustable rate, it's come down and
that's a negative and i want to take steve on a little bit with the deleveraging. we are not deleveraging enough and interest rates are slowing down the process. >> how so, professor? that seems counter intuitive. >> we have to deal with -- >> susan, just -- yeah. go with susan for a moment. >> yeah. we're borrowing. the mortgages, mortgage debt is not decreasing. it's increasing. and you know, necessarily so. we don't want to decrease debt at this moment. but we're...
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Mar 2, 2012
03/12
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maria, back to you. >> steve, thank you so much. we'll get to garry kasparov in a moment, of course, the global chess champion turned political activist. before we do, we have breaking news on citigroup. mandy drury with the story. >> thanks a lot for that, maria. the "wall street journal" is reporting that the citigroup chairman is not going to be standing for re-election on the citi board. he will give up the chairmanship. he's been on the board itself for 16 years. apparently citigroup is reportedly expected to name michael o'neill as the new chairman, maria. mr. parsons was the longtime former ceo of time warner. his departure is seen as a confidence in the remaining ceo vikram pundity. if you just want to take a look at the reaction in terms of after-hours share price, we're sitting at $34.07. citigroup has lost about 94% of its value since its all-time high which was back in 2006. so it's an incredible fall from grace in terms of shareholder value. >> it certainly has been. thank you so much, mandy. let's get more on sunday's
maria, back to you. >> steve, thank you so much. we'll get to garry kasparov in a moment, of course, the global chess champion turned political activist. before we do, we have breaking news on citigroup. mandy drury with the story. >> thanks a lot for that, maria. the "wall street journal" is reporting that the citigroup chairman is not going to be standing for re-election on the citi board. he will give up the chairmanship. he's been on the board itself for 16 years....
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May 22, 2012
05/12
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steve jobs i believe was 25 when apple went public. bill gates was 31. a little older than mark zuckerberg. do we have to focus on the age? >> the age doesn't matter. in every one of these experiences, though, they thad an e pifal moment. michael dell was the sharpest critic, he was somebody constantly challenging the model they had. his own harshest critic. michael dell reinvented dell perhaps six times now and hates it when people create a religion around the company or a cult around him. he's very low key, understated but brilliant guy. what's critical, with bill gates we saw obviously some of the antitrust issues led to the recognition he, too, is not immortal and the transition was excellent. >> jeff, sorry to break in there. we're running out of time. jeff, gary, thank you for your conversation. >>> we have a market flash now. >> we have a deal, ariba halted for news. we know what the news is. s.a.p. is going to acquire it for $45 a share. for a little bit of color here, the ariba board unanimously approved the transaction. it's a 20% premium over
steve jobs i believe was 25 when apple went public. bill gates was 31. a little older than mark zuckerberg. do we have to focus on the age? >> the age doesn't matter. in every one of these experiences, though, they thad an e pifal moment. michael dell was the sharpest critic, he was somebody constantly challenging the model they had. his own harshest critic. michael dell reinvented dell perhaps six times now and hates it when people create a religion around the company or a cult around...
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Aug 31, 2012
08/12
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steve, good job this week. nice to see you. >> about 24 minutes before the closing bell, the dow jones up 74, it's stuck in the mid70s. the nasdaq higher by 15. >> are investors ready to come back and invest? we're going to look at how you get set for a historically tough month for stocks. >> brick and mortar stores may become the dinosaur unless they act quickly. >>> first, before we go to break, the dividend. which ho tell company's stock has risen the most this year? hyatt, marriott or starwood. about a great way to live a better retirement. it's called a reverse mortgage. [ male announcer ] call right now to receive your free dvd and booklet with no obligation. it answers questions like how a reverse mortgage works, how much you qualify for, the ways to receive your money, and more. plus, when you call now, you'll get this magnifier with l.e.d. light absolutely free. when you call the experts at one reverse mortgage today, you'll learn the benefits of a government-insured reverse mortgage. it will eliminate
steve, good job this week. nice to see you. >> about 24 minutes before the closing bell, the dow jones up 74, it's stuck in the mid70s. the nasdaq higher by 15. >> are investors ready to come back and invest? we're going to look at how you get set for a historically tough month for stocks. >> brick and mortar stores may become the dinosaur unless they act quickly. >>> first, before we go to break, the dividend. which ho tell company's stock has risen the most this...
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Jul 9, 2012
07/12
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. >> steve. >> leapfrog. it was headlined risk on friday. full disclosure, i'm long, waiting for a pull back. >> west lake chemical. >> kbo with voda
. >> steve. >> leapfrog. it was headlined risk on friday. full disclosure, i'm long, waiting for a pull back. >> west lake chemical. >> kbo with voda
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Sep 5, 2012
09/12
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steve leisman is breaking it down. >> is it structural or cyclical, and is there anything the fed can do anything about? structural is a result of deep changes in the economy. things like globalization, a kills mismatch, unemploymented construction workers and engineering jobs. what about permanent lower growth? the key, i cording to some, is more monetary policy. take that away and look at what cyclical is. and things like temporary economic shocks, and earthquake, something like a hurricane. it can increase fland for employment, ber nak key said that qe boosted by two million payrolls. it went back up, never hit it's old level, and it took 19 years to midthat old level again. the united states over the same period. it went back up, back up, back down, and now here we are, if you can zoom in on the edge here. this is the big question for the fed, what's the right level of unemployment to come back down to. is the old number something we can attain, or is the level higher. we looked at it from different angles and it looks cyclical. '08 and '09, things like construction came mack. une
steve leisman is breaking it down. >> is it structural or cyclical, and is there anything the fed can do anything about? structural is a result of deep changes in the economy. things like globalization, a kills mismatch, unemploymented construction workers and engineering jobs. what about permanent lower growth? the key, i cording to some, is more monetary policy. take that away and look at what cyclical is. and things like temporary economic shocks, and earthquake, something like a...
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Mar 23, 2012
03/12
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so i'm with steve. rarely as it is, that i'd like to have a body there that helps navigate the trades rather than rely on electronics. >> we have a whole round table of traders today on the show as we normally do. joe is back at our global headquarters. joe, as you listen to this conversation, and you look at the landscape of what's happened today, what are your thoughts? >> listen, traders, we're a quirky bunch. to add some levity, you know, when you see a print go up like 542 in apple traders tell you you get the print up, that's where the market is going. i don't know whether the black cat just walked in front of apple or maybe a bat just walked in front of apple but as a trader that is the levity. you think tourp, hum. maybe this is what actually cracks the apple story. >> joe, do you think cortez covered his short on that print? >> not touching that one. >> bob, i know you've been one the few people over the last several minutes to be directly in touch with bats. i'm sure they may have more to say
so i'm with steve. rarely as it is, that i'd like to have a body there that helps navigate the trades rather than rely on electronics. >> we have a whole round table of traders today on the show as we normally do. joe is back at our global headquarters. joe, as you listen to this conversation, and you look at the landscape of what's happened today, what are your thoughts? >> listen, traders, we're a quirky bunch. to add some levity, you know, when you see a print go up like 542 in...
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Sep 18, 2012
09/12
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in singapore a few months aug, steve wozny yak said the same thing. >> i was here, on this same thing. it can sell at $1,000 a share. it k will it? >> i don't know when. a couple years or sooner. this company is growing so incredibly fast, it's hard for me to believe that it's priced where it's selling. it makes no sense. >> i will take the other side of that sort of herb's point, john, look at trailing pe, 16.4 we look at forward priced earning according to thompson, apple trading under 16. why doesn't it get more valuation love? >> i think mainly because it's selling at such a high price in terms of dollars. if it was sell agent 70, easy for it to move. i think people just don't -- maybe they don't believe the story, company does seem to get in trouble eventually. i think that apple right now, as good a buy as it was 3, 400 points ago. >> i think there are some headwinds though. the kindle fire that's coming out on november 20th actually is, feature for feature, a better tablet than the ipad. that could be a headwind going into q 1 of next year. that said you apple simply cheap base
in singapore a few months aug, steve wozny yak said the same thing. >> i was here, on this same thing. it can sell at $1,000 a share. it k will it? >> i don't know when. a couple years or sooner. this company is growing so incredibly fast, it's hard for me to believe that it's priced where it's selling. it makes no sense. >> i will take the other side of that sort of herb's point, john, look at trailing pe, 16.4 we look at forward priced earning according to thompson, apple...
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Sep 7, 2012
09/12
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you're right, we got to go. >> thanks, guys, nice chart by the way, steve. kudos to the graphics department. >> i know your real answer,ly not make you say it on the air. we'll see if this market can mount a comeback of some kind as we head toward the close right now. >> stick around, we're just getting starting on this big friday edition of the "closing bell." >>> coming up, in a fix, is the employment picture so break it may not matter who is in the oval office come january? and gun play, some weapon manufacturers are up as much as 250%. we'll tell you who they are and how to arm your portfolio. also, there is something about maria, she's on the ground in italy with the very latest news on what the world's leaders are saying about the state of the global economy. >>> welcome back, about 50 minutes left in the trading session. time for a quick market academic. if you're just checking in, the market is not doing much. this morning's disappointed job numbers throwing the rally into neutral. if you're a bull, you would say we have not had a big sell off. but t
you're right, we got to go. >> thanks, guys, nice chart by the way, steve. kudos to the graphics department. >> i know your real answer,ly not make you say it on the air. we'll see if this market can mount a comeback of some kind as we head toward the close right now. >> stick around, we're just getting starting on this big friday edition of the "closing bell." >>> coming up, in a fix, is the employment picture so break it may not matter who is in the oval...
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May 7, 2012
05/12
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steve weiss? >> in terms of what the environment is right now, there's so much into real he estate, what's happening? are prices going up in terms of your acquisition costs? >> well, really, real estate is an area of the haves and the have notes right now. the reits represent about 20% of the market and they're the haves. pricing for high quality performing quash flowing real estate has gone up, and that's really because of this policy induced thirst for yield that we have all across the globe. so if you can buy an attractive cash flowing asset at an even 5% yield with appreciation potential there's lots of capital attracted to those opportunities. on the other hand in some of the private sector areas where maybe there's significant overleverage, broken condo deals, certain other sectors, certain residential real he estate, certainly a tremendous hang over. >> thank you for spending time with us. >> thank you so much. >> >> i like the reits. finances costs are low. >> one you like best? >> i like
steve weiss? >> in terms of what the environment is right now, there's so much into real he estate, what's happening? are prices going up in terms of your acquisition costs? >> well, really, real estate is an area of the haves and the have notes right now. the reits represent about 20% of the market and they're the haves. pricing for high quality performing quash flowing real estate has gone up, and that's really because of this policy induced thirst for yield that we have all...
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Mar 8, 2012
03/12
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about 12% is steve wynn's and another 12% is elaine wynn's. i will be curious to see how she votes the shares. i don't know who the major major shareholders were, but it is something hanging over this company. if for some reason they vote to keep him on the board, what does that tell the market? >> right. good questions. thanks a lot for keeping us posted on this developing story. >> probably a crapshoot. >> nice. >> a roll of the die. >> on a serious note, sands is up nearly 30%. mgm about 32%. the story wynn is seen as the great balance she played. people in the space like wynn more than las vegas. i think it's a growth story. >> let's get the trade on the casino space, particularly wynn. harry, great to have you with us. what is your take on what will happen to mr. okata on the board? >> that's up to the remaining shareholders. i really don't have any sense of that, although if i were a betting man, i would say that he won't survive. what we have to do is focus on the bigger issue which is the revokation of the 20% of okata shares. that's w
about 12% is steve wynn's and another 12% is elaine wynn's. i will be curious to see how she votes the shares. i don't know who the major major shareholders were, but it is something hanging over this company. if for some reason they vote to keep him on the board, what does that tell the market? >> right. good questions. thanks a lot for keeping us posted on this developing story. >> probably a crapshoot. >> nice. >> a roll of the die. >> on a serious note, sands...
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Nov 8, 2012
11/12
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great to speak with you. >> steve mentioned part of the weakness could be apple. the stock is sinking into bear market territory. people might wonder why we talk about apple, why we are flagging the stock. it contributed a lot to the down side in nasdaq 100 and the s&p 500. take a look at the statistics we drummed uh. the drag that apple has put on these indices this corner. 47% of the nasdaq 100 loss is apple. 23% of the s&p loss is apple. that's why we talk about the stock. dr. j, apple. you don't have a position. why not? >> i don't have a position yet. it's getting very tempting here. because this area right around 520 to 540 for me is a key level for apple. that basically takes us to the march lows, to that first rally that carried us to march when apple made the first move. they had just reported in the december quarter about 36 million iphones. they came back and reported whatever it was, 35 million in march. since then the stock waffled until the surge up to 700. now we have basically retraced all the way back down to that level. that's why that level is i
great to speak with you. >> steve mentioned part of the weakness could be apple. the stock is sinking into bear market territory. people might wonder why we talk about apple, why we are flagging the stock. it contributed a lot to the down side in nasdaq 100 and the s&p 500. take a look at the statistics we drummed uh. the drag that apple has put on these indices this corner. 47% of the nasdaq 100 loss is apple. 23% of the s&p loss is apple. that's why we talk about the stock. dr....
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Jun 5, 2012
06/12
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. >> steve grasso. how are you? don't you think they will have -- in your terms they do a shorter term fix or you think -- they will do a short-term fix and lay it out and it is a season so obviously the republicans don't have a vested interest in doing anything. they don't want to wear it. do you sense they will push it up against the limit again? >> we will go up to the first or second week in december. once the election happens, we will have our leadership elections and they will put together a package that will involve raising the debt ceiling. >> they will wait until after the election. >> we will not do anything before the election until we have a catastrophe just like we did with tarp. part assumption for a grand fiscal bargain in 2013 or after, what does that look like and does that mean a go for the stock market for investors or resumption of spend something what does it look like? >> this is not going to be an easy process. think about it. we go into the post election period and take what we do on the tax
. >> steve grasso. how are you? don't you think they will have -- in your terms they do a shorter term fix or you think -- they will do a short-term fix and lay it out and it is a season so obviously the republicans don't have a vested interest in doing anything. they don't want to wear it. do you sense they will push it up against the limit again? >> we will go up to the first or second week in december. once the election happens, we will have our leadership elections and they will...
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Jun 20, 2012
06/12
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. >> i think, steve, if you go back. i think it's a lesson nobody wants to believe there's any similarity between qe 3 of 2008 and now. but i guess the expediency and political pressures associated with expediency come up with the next big stimulus is equally as high, maybe higher. what you came to realize throughout qe 3 of 2008, at that point went to 90% cash, relatively more bullish then. at that point you come to realize more of what has not worked is signaling things could get worse. people freak out, outflows into equity in particular. that's when the market completely loses hope of a bid. as i said multiple times hope is not a process. >> ensanaa? >> i disagree. we don't have time to debate that. they are doing their job. fiscal policy, europe a mess, china going down, china goes lower for other reasons than fed policy. let me ask you a question, if you're looking for a headline grabbing trade, a john paulson moment, 200% short betting on correlation trade where everything goes down and make paulson-type money ins
. >> i think, steve, if you go back. i think it's a lesson nobody wants to believe there's any similarity between qe 3 of 2008 and now. but i guess the expediency and political pressures associated with expediency come up with the next big stimulus is equally as high, maybe higher. what you came to realize throughout qe 3 of 2008, at that point went to 90% cash, relatively more bullish then. at that point you come to realize more of what has not worked is signaling things could get worse....
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Aug 22, 2012
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stay with us, steve. let's bring in managing direct or the and chief financial investment in bank of tokyo mitsubishi. what is your read on this in terms of what it means for the markets? >> just hearing steve read out the headlines it sounded interesting to me that they used the word many. >> yeah. >> it sounds like they're very, very close to qe3. that's pretty much the fed chairman's driving this discussion anyway and you know he's very upset about the quote/unquote stubbornly high unemployment rate which is 8.3%. >> chris, might be a moment of a lesson in reading the fed minutes, if you don't mind. many members are voters and participants, right, chris? >> no. i think they're very colee jal. i would say many is all 19. >> many members or participants or in the meeting and members twr voting members. >> because that matters. a fisher in his views -- >> less important, right. right. >> chris, can i ask you this? >> sure. >> seems the economy is in a recovery. almost every piece of economic data have got
stay with us, steve. let's bring in managing direct or the and chief financial investment in bank of tokyo mitsubishi. what is your read on this in terms of what it means for the markets? >> just hearing steve read out the headlines it sounded interesting to me that they used the word many. >> yeah. >> it sounds like they're very, very close to qe3. that's pretty much the fed chairman's driving this discussion anyway and you know he's very upset about the quote/unquote...
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Sep 19, 2012
09/12
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you say it's the leader in the field, but can it stay that way without steve jobs? obviously the markets think so. what's your take? >> when you say 20 million galaxy phones from samsung, if apple did that, it would be a disaster for apple. to compare the two is not even comparab comparable. apple will be looking at 50 million in the holiday quarter. apple is still there. i think the reviews are unbelievably positive. once people get hands on with this phone, they no longer say it's disappointing. they no longer say it's boring. they get blown away by it. apple has a tendency to use technology when it's ready. this just isn't ready yet. >> james? >> you can actually utilize nfc in multiple places, not only for payment but also for security purposes. some of the things that ampple' failing to deliver on, they're building a vanilla device. it's one size fits all. other companies are building multiple form factors and oss to meet the masses. samsung has sold more devices than apple. let's get that straight. apple does do a very good job, but they're lagging behind a an
you say it's the leader in the field, but can it stay that way without steve jobs? obviously the markets think so. what's your take? >> when you say 20 million galaxy phones from samsung, if apple did that, it would be a disaster for apple. to compare the two is not even comparab comparable. apple will be looking at 50 million in the holiday quarter. apple is still there. i think the reviews are unbelievably positive. once people get hands on with this phone, they no longer say it's...
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Aug 10, 2012
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>> in today's closing bell, steve leisman is at their head quarters. steve, this is your wheel house global slow down or not, what do you say? >> there is a global slow down going on, but i want to caution people out there, especially the bears not to double count. we had this very slow chinese trade data. we seem to be reducing chinese expectations for growth. 7.9% down. look at the data and you see it's slowing there. is this reflecting weakness from europe and the united states? you can't double count that, chinese trade data and chinese economic growth is a reflection of what's happening elsewhere in the world. it's more of an input more than a output. i think the key question, especially next week, what i want you to keep your eye on is the e tail trade data. the big question for the world economy, u.s. consumer incomes have been higher, but spending has been not been. if there is any saving grace now for the u.s. economy, it's the potential for greater u.s. consumer spending. >> my question, rod smith, is how much of this is priced into the marke
>> in today's closing bell, steve leisman is at their head quarters. steve, this is your wheel house global slow down or not, what do you say? >> there is a global slow down going on, but i want to caution people out there, especially the bears not to double count. we had this very slow chinese trade data. we seem to be reducing chinese expectations for growth. 7.9% down. look at the data and you see it's slowing there. is this reflecting weakness from europe and the united states?...
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Jun 22, 2012
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steve liesman is here now. you've been looking at growth across the eurozone. why is today's plan and that 1% figure so important? >> i think it shows that it's small but it's an important reversal of policy. if you think about the european economy, sue, they've been in recession essentially since december and if you look at what's happened over the past several months, the economic outlook, the forecasts have gone down so people think it's going to get worse with no particular optimism on the continent, and the problem has always been how do you get out of these problems, a debt spiral. if you're going to do austerity in the middle of that it will make things worse for the national government. the issue has become they've reversed policy, sue, and they thought austerity was the way back to growth and they're in a limited way -- remember, this is a fraction of what our stimulus plan was here and they're going to do a small part of that, and it's going in the right direction according to some economists. >> that's the way the market seems to be taking it as well
steve liesman is here now. you've been looking at growth across the eurozone. why is today's plan and that 1% figure so important? >> i think it shows that it's small but it's an important reversal of policy. if you think about the european economy, sue, they've been in recession essentially since december and if you look at what's happened over the past several months, the economic outlook, the forecasts have gone down so people think it's going to get worse with no particular optimism...
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Feb 15, 2012
02/12
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good with getting rid of the loopholes and expenditures, steve forbes. i just want the rate to come down commensurately. >> this is like a jimmy carter tax reform when he proposed cutting it from 77 to 64 and getting rid of tax preferences, which have been a disguised tax increase. it should be across the board and propose something truly radical. in terms of accelerated depreciation, how about keeping instant expensing. >> now you're picking and choosing your loopholes again. you got to be ready to get ready of interest deductibility. >> if you company spends $100 million on a new factory, they shouldn't be able to write it off? that's not going to work in the world. >> that's what i was worried about. when push comes to shove, everybody likes their loopholes. >> if you want to get rid of ak celebrate raitted key preesh yagts and instant expensing and go along with 10%, i'll go -- >> i want a revenue neutral. >> revenue neutral in a -- not the crazy way the cbo does it, which assumes no effect on the economy. i don't like that. >> cbo is going to have t
good with getting rid of the loopholes and expenditures, steve forbes. i just want the rate to come down commensurately. >> this is like a jimmy carter tax reform when he proposed cutting it from 77 to 64 and getting rid of tax preferences, which have been a disguised tax increase. it should be across the board and propose something truly radical. in terms of accelerated depreciation, how about keeping instant expensing. >> now you're picking and choosing your loopholes again. you...
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Nov 9, 2012
11/12
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this is simply not steve jobs' apple anymore. what about jcpenney, steve? >> bill, i'm not at all interested in jcpenney. i think you want to go with ron johnson's former company. on the fundamental side, the biggest risk with jcpenney from here forward is the fact their cash burn rate. they have half of the cash on hand now they than they had a year ago. the problem is, their investment strategy keeps switching. secondly, we're not seeing any results. i think this company is in a severe financial crunch. i think the stock has shown us that. it is heading significantly lower. >> all right. good to see you both. thanks for joining us today. maria. >> all right, bill. thank you so much. coming up, are apple and the rest of the tech sector a good bet right now? we'll talk about technology. we'll also hear from the managing director of private equity firm silver lake, who is licking his chops on the recent pullback in technology. he's putting more money to work. find out where he's putting that money. then, jcpenney. we're going to talk about that big decline a
this is simply not steve jobs' apple anymore. what about jcpenney, steve? >> bill, i'm not at all interested in jcpenney. i think you want to go with ron johnson's former company. on the fundamental side, the biggest risk with jcpenney from here forward is the fact their cash burn rate. they have half of the cash on hand now they than they had a year ago. the problem is, their investment strategy keeps switching. secondly, we're not seeing any results. i think this company is in a severe...
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Jun 7, 2012
06/12
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here is that interview in one of his attack ads. >> i'm steve rothman, and i approve this ad. >> the republicans had great ideas, i liked some of their ideas. >> especially if you're wealthy. >> what a cheap shot, what a distortion. you said let's find a compromise on health care to get something done. >> that's certainly not my record, it's what other people decided, but third parties said this was not on disagaingenuous. i wanted to put them to the test. the same way, chris, i asked for, if you remember in 2010, a vote on the ryan budget. i said put it up let's see who is for cutting medicare. >> when we return, let me finish with a bad press set this weekend, dirty angry money that can make a difference can make a difference unfortunately. today training depends on technology. and when it takes a battery, there are athletes everywhere who trust duracell. they rely on copper to go for the gold. duracell. trusted everywhere. holding down the fort while you're out catching a movie. [ growls ] lucky for me, your friends showed up with this awesome bone. hey! you guys are great. and if
here is that interview in one of his attack ads. >> i'm steve rothman, and i approve this ad. >> the republicans had great ideas, i liked some of their ideas. >> especially if you're wealthy. >> what a cheap shot, what a distortion. you said let's find a compromise on health care to get something done. >> that's certainly not my record, it's what other people decided, but third parties said this was not on disagaingenuous. i wanted to put them to the test. the same...
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Jun 4, 2012
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steve, thanks so much. simon, down to you. >> yeah. well, we still have steve with us here at the nyse. is more qe coming in your view? how do you play it? >> i would say more likely in europe than here. here i think we're just bouncing along. i think the fed wants to see a little more weakness in jobs before they do something. >> so much of the market expects qe, least of course those bought mortgage backed securities. if they don't have, that could be a problem? >> could be. but i think most of the market wants to see something happen in europe. if we get marginally positive news there, that will overwhelm whatever the fed does. >> still more from steve auth in the program. >> look very much for it indeed. in europe, the man in charge of europe instead of the fed, can mario draghi back it up? how will he do that? five stocks in just about every portfolio. we are back in a flash to the downside today with caterpillar, ge, bank of america, hp and united technology all making list to the downside. ou picked up back in the '80s. tdd#: 1-
steve, thanks so much. simon, down to you. >> yeah. well, we still have steve with us here at the nyse. is more qe coming in your view? how do you play it? >> i would say more likely in europe than here. here i think we're just bouncing along. i think the fed wants to see a little more weakness in jobs before they do something. >> so much of the market expects qe, least of course those bought mortgage backed securities. if they don't have, that could be a problem? >>...
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Sep 28, 2012
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would steve jobs have done that? we'll look at that coming up. >>> then, if a body is found buried in your front yard, will you move out? maybe not if it's the long lost body of jimmy hoffa. could make that home a landmark. that and more coming up on the "closing bell." stay with us. >>> certainly it was a solid third quarter for the stock market, but then you look at energy prices and how they fared. that's a different story. >> yeah, you know, if you look at oil prices here, crude prices are still down today, but what a quarter it has been. all the worries about the tensions between iran and israel with those iran sanctions going into effect at the beginning of this quarter also helping to boost. the big story this quarter, and certainly today, has been gasoline. despite the fact that normally we see prices starting to come down during this quarter, they have actually ratcheted up the best quarter we've seen in years. today we had a huge explosive short move at the end of the day, maria, that really, really punctua
would steve jobs have done that? we'll look at that coming up. >>> then, if a body is found buried in your front yard, will you move out? maybe not if it's the long lost body of jimmy hoffa. could make that home a landmark. that and more coming up on the "closing bell." stay with us. >>> certainly it was a solid third quarter for the stock market, but then you look at energy prices and how they fared. that's a different story. >> yeah, you know, if you look at...
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Sep 12, 2012
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. >> steve liesman, what do you think they're thinking at this point? >> you think, i would pay a couple of bucks for that, to know. i'm really interested in our results from our cnbc survey. we found 90% expecting qe. 60% thinking it won't do anything to lower the unemployment rate. yet the market is up on the news. so we have this increase of asset prices, simply equity asset prices. but then really no sense that it will help out in the real economy. so that's a curious move by both the fed and by investors together. >> and i know you'll know more on that coming up next hour here. rick, meantime, the market is in a flat. although we had a rather soft ten-year note auction. who wants to step in before a fed meeting, right? >> oh, i agree. and if the focus of quantitative easing is short maturities, then some of the previous quantitative easings or twist, they figure prominently in the question marks there. but i think we're asking the wrong question. who cares, really, what investors want. the question is what the economy needs. and that's the question
. >> steve liesman, what do you think they're thinking at this point? >> you think, i would pay a couple of bucks for that, to know. i'm really interested in our results from our cnbc survey. we found 90% expecting qe. 60% thinking it won't do anything to lower the unemployment rate. yet the market is up on the news. so we have this increase of asset prices, simply equity asset prices. but then really no sense that it will help out in the real economy. so that's a curious move by...
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Sep 13, 2012
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steve, your thoughts. as yo were saying earlier, the fed is essentially throwing the kitchen sink at the economy right now. >> well, no. not just the kitchen sink. you're understating my exaggeration. >> i know where you're going. i thought i'd let you say it. go ahead. >> they said they're going to throw the kitchen sink and warn that the stove and refrigerator would be next. that's, i think, when he says, look, we're not just doing mbs. if we need more, we're going to do more. additional asset purchases different from mortgage-backed securities. in the press conference, i was struck by how -- i guess the best word is populous, the chairman was. he addressed his critics, those who say that we're hurting savers. we're risking inflation. so he went right after the kind of political issue. he addressed main street. he said, hey, this is a main street policy. it's about people getting lower interest rates. i think that he agreed with me when i asked him the question about whether or not this would mean additi
steve, your thoughts. as yo were saying earlier, the fed is essentially throwing the kitchen sink at the economy right now. >> well, no. not just the kitchen sink. you're understating my exaggeration. >> i know where you're going. i thought i'd let you say it. go ahead. >> they said they're going to throw the kitchen sink and warn that the stove and refrigerator would be next. that's, i think, when he says, look, we're not just doing mbs. if we need more, we're going to do...
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May 7, 2012
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if you are a regular viewer, you will hear steve talking about it as well. our next guest is doing just that. patrick doyle is president and ceo of domino's pizza. fess up. wasn't he the inspiration for the gluten free-pizza? >> we were asking, be a father to four children, do i get a discount? where is the pay back? >> shameless. >> we can arrange for that. you talk to me on the floor and we listened to all the customers. >> wow. >> the truth is, my wife has se cell yack. are you getting to the point where a person with seal yack can eat this pizza. it's gluten sensitivity, but will you get them up to speck some. >> that's right. no, it is not for her and definitely is not. it's a gluten-free crust. our pizza sauce and the cheese is all gluten-free. but there is wheat in the stores so there could be traces there. we can't get to that point because it will go through the same oven. for people with gluten sensitivities, it works. with celiac it does not. we worked with the awareness to design this and we have a great solution for about the 7% of people who ha
if you are a regular viewer, you will hear steve talking about it as well. our next guest is doing just that. patrick doyle is president and ceo of domino's pizza. fess up. wasn't he the inspiration for the gluten free-pizza? >> we were asking, be a father to four children, do i get a discount? where is the pay back? >> shameless. >> we can arrange for that. you talk to me on the floor and we listened to all the customers. >> wow. >> the truth is, my wife has se...
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Jul 10, 2012
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you give him more time and he will go into the steve jobs. >> i think they respect the job he's done. >> they do. he is not in the set yet. just look at what einhorn said this morning. when he gets there, this multiple will be a lot wider than people expect. >> let's continue on einhorn and apple for that matter. when the conversation turned to that most loved company, einhorn made his stance quite clear. let's listen to that. >> i think it is sashlly under valued at. i think it is the best big growth company we have. it is a dominating brand in the area that it is and is trades at a multiple below the average in the s&p 500. i think it is extraordinary. >> this will turn into a love fest. i know you will agree with everything that einhorn said and the fact of the matter is it is hard to find anybody this side of steve cortes who ever has any problem with apple. >> yeah. all you got to do is see some of the postings by folks who have the new samsung galaxy s-3. they have been wildly unhappy with some of the support they have got for that twice because there isn't the genius barror the
you give him more time and he will go into the steve jobs. >> i think they respect the job he's done. >> they do. he is not in the set yet. just look at what einhorn said this morning. when he gets there, this multiple will be a lot wider than people expect. >> let's continue on einhorn and apple for that matter. when the conversation turned to that most loved company, einhorn made his stance quite clear. let's listen to that. >> i think it is sashlly under valued at. i...
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Mar 9, 2012
03/12
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steve, the numbers were a little bit better than expected. the question i have is, does it have staying power? is this indeed the upside trajectory we've waited for for so long? >> i think so, sue. there were a couple details of the reports this morning that suggests there may be some staying power there. temporary help was up 45,000. that's one of the best gains we've seen since 2009. usually a pretty good leading indicator. some of the other things we've seen, the government firing seems to have stopped. that's something that's been a drag on the numbers. every month if they say 220 in the private sector, i could have told you it's only going to be 200. the other thing is that once we reach these levels, they tend to go along in this way and the reluctance to hire seems to be put aside by many employers out there, sue. >> there was also the thought perhaps, steve, that these numbers today might dash the hopes of those who want to see more qe on the table. do you think it does? >> you know, i think it does. remember the last thing the fed di
steve, the numbers were a little bit better than expected. the question i have is, does it have staying power? is this indeed the upside trajectory we've waited for for so long? >> i think so, sue. there were a couple details of the reports this morning that suggests there may be some staying power there. temporary help was up 45,000. that's one of the best gains we've seen since 2009. usually a pretty good leading indicator. some of the other things we've seen, the government firing...
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Sep 14, 2012
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a&r up 28% in the last week. >> steve grasso, clf, anr, btu, aci. what's your biggest play? >> you have to believe this is about all ben at this point. >> isn't it? >> it is. how much more can it be about that, and when do fundamentals come in at all? anr is a good name to play, but you have to look at net coal prices. they went from 206 to 170. you would think the prices of these names should come in at 15%. they haven't here. i think they're topping. if you want to dabble, play very small. the risk is so huge on a lot of these names. >> look at the move in one week on anr. 28.5% in a week. >> i love that name, and i got out of it way too early. i sold some upside calls against the position i had in anr. so now i'm going to be done. i actually own the stock, but the calls i sold are way in the money. that trade is gone. take a look at two names you didn't pick up. walter and tech resources. both are many froing extremely well low off the lows, two names i prefer to the others out there, but all names are working in the same direction. >> the highest flub of 52-week highs th
a&r up 28% in the last week. >> steve grasso, clf, anr, btu, aci. what's your biggest play? >> you have to believe this is about all ben at this point. >> isn't it? >> it is. how much more can it be about that, and when do fundamentals come in at all? anr is a good name to play, but you have to look at net coal prices. they went from 206 to 170. you would think the prices of these names should come in at 15%. they haven't here. i think they're topping. if you want to...
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May 10, 2012
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steve ratner said only professionals should be playing with stocks. what does an individual know about any company? would you repair the electrical wiring in your company? an individual should be in index funds. they should not be deciding whether pfizer is better than p and g or anything else. they should be in index funds. >> well, i don't disagree on the index funds. but staying away from personal stocks? really? >> we think investors should begin the process. 80% of your success starts with saving money. we think it's very important that people put money in their 401(k) and make sure to take advantage of the company match. the question what you do with the money, it's much more important that you start and save. >> what about individual stocks? do you think they they have the wherewithal to pick stocks? >> i think most people ask for advice. >> i think we were completing an era wherebying individual stocks was highly correlated and the markets went nowhere but valuations where they are, the fact that professional managers tend to buy only good nam
steve ratner said only professionals should be playing with stocks. what does an individual know about any company? would you repair the electrical wiring in your company? an individual should be in index funds. they should not be deciding whether pfizer is better than p and g or anything else. they should be in index funds. >> well, i don't disagree on the index funds. but staying away from personal stocks? really? >> we think investors should begin the process. 80% of your success...
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Aug 22, 2012
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we have steve leisman and rick santelli. and liz, do you think we will see it? >> we have had the law of diminishing returns. if you use the stock market as a approximaty for if it's working, the impact is large. it was less when we got the announcement of operation twist. i think we're getting used to the notion that the fed will be there. >> steve, we know that they hold the majority on the federal reserve board right now, but what do you make of the minutes from the last meeting three weeks ago. . >> i think they raid a lot of questions. what i see first is that extending the guidance is 80 or 95% probably in september. that looks like they're on track to extend guidance in 2015. i think i disagree a bit, and they gave us a bar or litmus test. they have to show that it's sustainable and better than it has been. the only question i have, why i don't give it the 80% that bill does. is that it's fairly soon. it could be september or later. >> when have they ever been precise on timing anyway? >> they were precise about making a decision on extending the iens in
we have steve leisman and rick santelli. and liz, do you think we will see it? >> we have had the law of diminishing returns. if you use the stock market as a approximaty for if it's working, the impact is large. it was less when we got the announcement of operation twist. i think we're getting used to the notion that the fed will be there. >> steve, we know that they hold the majority on the federal reserve board right now, but what do you make of the minutes from the last meeting...
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Aug 8, 2012
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steve jobs said hey, no outside island on this project it's too sensitive. they called it project purple. they worked in a building called the purple dorm. first one floor then the whole building, and also on the engineering front, eddie q who heads itunes has been lobbying since january of 2011 to get a seven-inch ipad. that's a sort of detail we wouldn't have known and he said it in e-mails to tim cook and others that jobs seemed open to it the last time they talked to him sometime before late january in 2011. finally on the design front, christopher stringer one of the industrial designers, one of the most closely guarded types of employees that apple has, took the stand, says there are about 16 industrial designers, they meet around the kitchen table to give their conversations a familial type feel. they hash through each other's work. every designer works on every single product so they aren't sectioned off in to different products. they critique each other's work and add to them. and some early ipad sketches that we saw in court documents had kick stan
steve jobs said hey, no outside island on this project it's too sensitive. they called it project purple. they worked in a building called the purple dorm. first one floor then the whole building, and also on the engineering front, eddie q who heads itunes has been lobbying since january of 2011 to get a seven-inch ipad. that's a sort of detail we wouldn't have known and he said it in e-mails to tim cook and others that jobs seemed open to it the last time they talked to him sometime before...
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Aug 3, 2012
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yes, we have stephanie link joining us, steve least man, and rick santelli, who is crediting this rally on the president's economic policy, is that right? >> that's what it says here. >> wait here -- >> i said i'm just glad you're a thousand miles from us when we read that. >> the greatest private economy on the planet despite bad policy and with a lot of liquidity in the world. i think when you bring the president into is i think companies responsible for the dow, the president is responsible for the fact that we have 1.5% gdp, it's up to you to reconcile those two. >> steve leisman, i guess the fed glad is didn't do anything on wednesday. at best it would see alarmist and if worst they would seem like idiots. >> i don't know about that. i idiots might be a strong word and i don't use strong words, bill. i think it's still an open question. my best call is these are not numbers that should push the fed toward quantitative easing. people may think of it too lightly. it's a major step for a federal reserve or central bank to do it. the evidence should be overwhelming. you have had a slow
yes, we have stephanie link joining us, steve least man, and rick santelli, who is crediting this rally on the president's economic policy, is that right? >> that's what it says here. >> wait here -- >> i said i'm just glad you're a thousand miles from us when we read that. >> the greatest private economy on the planet despite bad policy and with a lot of liquidity in the world. i think when you bring the president into is i think companies responsible for the dow, the...
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Feb 9, 2012
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. >> and added a facebook since steve jobs' death in the fall. more than $100 billion in market cap was added since steve jobs passed away. we want to get to the sweep. jms j.r. asked what should i do with an apple 500 february call spread and bought it for 60 seconds. what would you this person? >> first of all, i think that was obviously a good trade and think john was talking about this earlier. these short-dated options provide you a lot of leverage and i would take the money on thing and grow up and buy some upside calls f. it makes a push, you can try to lever it up and take your profits. >> i would agree. to mike's point and it's a great one, not knowing the exact strike and the -- not the strike, but the expiration they are tradinging, that's why i am tradeing it the way i am. when i want to bet on the upside, i can buy next week's apple at 490 calls. so this week's for 95 calls for 500 calls or whatever it might be. you get that even though it's just a week apart, you get a nice spread and the time is so fierce in this week's options tha
. >> and added a facebook since steve jobs' death in the fall. more than $100 billion in market cap was added since steve jobs passed away. we want to get to the sweep. jms j.r. asked what should i do with an apple 500 february call spread and bought it for 60 seconds. what would you this person? >> first of all, i think that was obviously a good trade and think john was talking about this earlier. these short-dated options provide you a lot of leverage and i would take the money on...
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Jul 19, 2012
07/12
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steve, i feel like every time we hear from the federal reserve it's on all on the fed. why are we not hearing more on what the fiscal policy side. >> there was discussion from rob rubin that maybe the fed is bailing out the political side as well. >> hank didn't want to talk about monetary policy. >> that's why i didn't ask you, but i knew you would say that. >> here is what i said, you have to just look at the facts and this is happening to central banks everywhere. the problems are fiscal problems in europe and the u.s., and they are competitiveness problems. it's not just cutting. it's how do we have real reform and policies that let us grow and create jobs and have rising income? the fed can't deal with that. but the fed is left with few choices. they're the only institutions that can act. so i don't find fault with what they're doing. i don't go to sleep at night worrying about inflation. and he is protecting the downside. >> i don't find fault in what he's doing, he's the only one doing anything. >> he is the only one doing anything, but what we need -- we need to
steve, i feel like every time we hear from the federal reserve it's on all on the fed. why are we not hearing more on what the fiscal policy side. >> there was discussion from rob rubin that maybe the fed is bailing out the political side as well. >> hank didn't want to talk about monetary policy. >> that's why i didn't ask you, but i knew you would say that. >> here is what i said, you have to just look at the facts and this is happening to central banks everywhere. the...
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Sep 21, 2012
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come the steve wood tells us why you shouldn't miss out on these returns. tdd#: 1-800-345-2550 wh i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find unities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime... tdd#: 1-800-345-2550 until i choose to focus on something else. tdd#: 1-800-345-2550 trade at charles schwab for $8.95 a trade. tdd#: 1-800-345-2550 open an account and trade up to tdd#: 1-800-345-2550 6 months commission-free online equity trading tdd#: 1-800-345-2550 with a $50,000 deposit. tdd#: 1-800-345-2550 call 1-866-751-3261. and what they said is amazing. review 5-hour energy over 73 percent who reviewed 5-hour energy said they would recommend a low calorie energy supplement to their healthy patients who use energy supplements. seventy-three percent.
come the steve wood tells us why you shouldn't miss out on these returns. tdd#: 1-800-345-2550 wh i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find unities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace,...
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Jul 5, 2012
07/12
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i stoke to steve schmidt. he said most of the voters are rehearsing for the fights they will engage in throughout the fall. >> as john mentioned, the president is expected to hit mitt romney again in his time on private capital. but in states where the economy is still tough, will that resonate? >> ed rendell is with us and says not only are the attacks effective but they are accurate while the strategist and joe watkins says the president is desperate to deflect from his own economic record, so we have both sides right here. governor rendell, it's good to see you again, how effective is it for the president to attack him on a strategy from years ago when it was prudent to outsource jobs and ring out costs, what was wrong with that? >> i think there is a combination of things. the american workers, whether it was prudent, they didn't like it, it hurt them and cost them jobs, and you also spoke of the willingness to remove the tax break on the corporations that outsource jobs and capital in foreign countries. >
i stoke to steve schmidt. he said most of the voters are rehearsing for the fights they will engage in throughout the fall. >> as john mentioned, the president is expected to hit mitt romney again in his time on private capital. but in states where the economy is still tough, will that resonate? >> ed rendell is with us and says not only are the attacks effective but they are accurate while the strategist and joe watkins says the president is desperate to deflect from his own...
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Sep 27, 2012
09/12
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. >> hold on one second, steve. can we bring up this chart? the s&p and the dow? something just happened. i don't know what it is. we've had a sharp move. >> was the news out of spain really that good? how should you be setting up for q 4. the traders are pulling out all the stops to find your trade. >> hold on, steve. >> karen is hitting the mall for a retail bargain while josh has his eye on the trades. fresh off the trading floor, this is ""fast money.""
. >> hold on one second, steve. can we bring up this chart? the s&p and the dow? something just happened. i don't know what it is. we've had a sharp move. >> was the news out of spain really that good? how should you be setting up for q 4. the traders are pulling out all the stops to find your trade. >> hold on, steve. >> karen is hitting the mall for a retail bargain while josh has his eye on the trades. fresh off the trading floor, this is ""fast...
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Aug 30, 2012
08/12
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steve is exactly right. next week's data and the meeting there after are far more consequenti consequential. i can't imagine that he will endorse something in front of the jobs report. >> what are your expectations and how are you positioning yourself? >> we agree with the last guest. we think they will talk about being prepared to do qe 3 if needed, but they will continue to watch it. in terms of positioning the portfolio, we would not get obsessed with storm's positioning. if the market selling off, we buy into into the weakness. >> steve, what is the chatter, what are the expectations there? >> the expectation is the fed chairman will go as far as is appropriate for a fed chairman to go. that's the thing that's a little confusing to me. i understand that expectations are built up, but at the end of the day, the market new what the calendar was going to be. the data is very much on the cusp, and today's jobless claims was so exemplary of that. where are we? 374, that's one example. so there was always goin
steve is exactly right. next week's data and the meeting there after are far more consequenti consequential. i can't imagine that he will endorse something in front of the jobs report. >> what are your expectations and how are you positioning yourself? >> we agree with the last guest. we think they will talk about being prepared to do qe 3 if needed, but they will continue to watch it. in terms of positioning the portfolio, we would not get obsessed with storm's positioning. if the...
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Mar 20, 2012
03/12
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steve liesman joining us from d.c. bob, first let's kick it off with china here. is it really slowing down? do you think that is what is behind the iron-ore companies, the mining companies? >> first of all, great to see you. our man from london. >> i like this new set. >> you like it? isn't this great? we're on the floor and it's great to have you. but to answer your question, i'm suspicious about this. now, this poor guy makes a comment that iron ore ships into china are going into the single digits. you would have thought china was collapsing in the world markets. all of the material stocks, worldwide was down, china was down. good heavens, look, it's very simple. chinese steel -- the question is steel. the steel numbers of china are getting actually a bit better. they were slow last year. here's what morgan stanley said. the chinese markets are improving. mills are raising prices. steel production is up month over month in february. they are simply pointing out that some of the demand is slower. it had 24% growth in imports, in iron ore for the last ten years i
steve liesman joining us from d.c. bob, first let's kick it off with china here. is it really slowing down? do you think that is what is behind the iron-ore companies, the mining companies? >> first of all, great to see you. our man from london. >> i like this new set. >> you like it? isn't this great? we're on the floor and it's great to have you. but to answer your question, i'm suspicious about this. now, this poor guy makes a comment that iron ore ships into china are...
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Aug 3, 2012
08/12
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steve, thanks as always. another take on the jobs report withdrew m ampmatus and we're continuing to follow the fallout from the knight capital trading glitches that sent that stock tumbling yesterday. has the company fighting for its life. michael lebranch who once ran the largest specialist firm on the new york stock exchange joins us after the break on what it means for the markets and certainly you the investor. with the fidelity stock screener, you can try strategies from independent experts and see what criteria they use. such as a 5% yield on dividend-paying stocks. then you can customize the strategies and narrow down to exactly those stocks you want to follow. i'm mark allen of fidelity investments. the expert strategies feature is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. it's something you're born with. and inspires the things you choose to do. you do what you do... because it matters. at hp we don't just believe in the pow
steve, thanks as always. another take on the jobs report withdrew m ampmatus and we're continuing to follow the fallout from the knight capital trading glitches that sent that stock tumbling yesterday. has the company fighting for its life. michael lebranch who once ran the largest specialist firm on the new york stock exchange joins us after the break on what it means for the markets and certainly you the investor. with the fidelity stock screener, you can try strategies from independent...
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Oct 11, 2012
10/12
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do you like the financials, steve? >> i think america is up because they're playing the trade into jpmorgan. everyone overowns that stock. the next derivative play is bank of america. the fed is pumping money into the economy via banks, mortgage-backed securities. their balance sheets are going to look great. positive comments on bank of america and other financials. that's the long trade. >> we've had this conversation before. all the litigation risk. i used to say every week. it's every morning we wake up to some new piece. >> as a whole, litigation costs have been set aside for the most part by all the financials. that's well
do you like the financials, steve? >> i think america is up because they're playing the trade into jpmorgan. everyone overowns that stock. the next derivative play is bank of america. the fed is pumping money into the economy via banks, mortgage-backed securities. their balance sheets are going to look great. positive comments on bank of america and other financials. that's the long trade. >> we've had this conversation before. all the litigation risk. i used to say every week. it's...